Republic Services, Inc. $RSG Shares Purchased by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its stake in Republic Services, raising it by 1,575.7% to a total of 1,793 shares, worth $401,000.
• EVP Gregg Brummer sold 7,338 shares of Republic Services at an average price of $233.94, marking a 64.38% decrease in his holdings.
• Republic Services declared a quarterly dividend increase to $0.625 per share, with a planned payment date of October 15th, representing a 1.1% dividend yield.

Banque Transatlantique SA boosted its holdings in shares of Republic Services, Inc. (NYSE:RSG - Free Report) by 1,575.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,793 shares of the business services provider's stock after buying an additional 1,686 shares during the quarter. Banque Transatlantique SA's holdings in Republic Services were worth $401,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in shares of Republic Services by 0.4% during the 1st quarter. Versant Capital Management Inc now owns 9,973 shares of the business services provider's stock valued at $2,415,000 after acquiring an additional 44 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in Republic Services by 0.5% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,648 shares of the business services provider's stock worth $1,740,000 after buying an additional 46 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in Republic Services by 4.2% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,154 shares of the business services provider's stock worth $279,000 after buying an additional 46 shares during the last quarter. Hemington Wealth Management lifted its position in Republic Services by 6.2% in the first quarter. Hemington Wealth Management now owns 806 shares of the business services provider's stock worth $195,000 after buying an additional 47 shares during the last quarter. Finally, FORA Capital LLC lifted its position in Republic Services by 0.7% in the fourth quarter. FORA Capital LLC now owns 7,659 shares of the business services provider's stock worth $1,541,000 after buying an additional 50 shares during the last quarter. 57.73% of the stock is currently owned by institutional investors.

Republic Services Stock Down 0.8%

RSG stock traded down $1.75 during trading on Monday, reaching $227.98. 1,269,894 shares of the company traded hands, compared to its average volume of 1,273,250. Republic Services, Inc. has a 12 month low of $197.60 and a 12 month high of $258.75. The business has a 50 day simple moving average of $237.22 and a 200 day simple moving average of $241.13. The company has a market capitalization of $71.18 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 3.58 and a beta of 0.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.66 and a current ratio of 0.66.

Republic Services (NYSE:RSG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.01. Republic Services had a return on equity of 18.27% and a net margin of 12.97%.The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the company earned $1.61 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Republic Services has set its FY 2025 guidance at 6.820-6.900 EPS. On average, equities research analysts anticipate that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a $0.625 dividend. This is a boost from Republic Services's previous quarterly dividend of $0.58. This represents a $2.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Republic Services's dividend payout ratio is 36.98%.

Insider Activity

In other Republic Services news, major shareholder Cascade Investment, L.L.C. purchased 4,258 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $234.91 per share, with a total value of $1,000,246.78. Following the completion of the acquisition, the insider owned 109,816,832 shares in the company, valued at $25,797,072,005.12. The trade was a 0.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gregg Brummer sold 7,338 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $233.94, for a total value of $1,716,651.72. Following the completion of the sale, the executive vice president directly owned 4,060 shares of the company's stock, valued at approximately $949,796.40. This represents a 64.38% decrease in their position. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RSG has been the subject of a number of analyst reports. Melius initiated coverage on Republic Services in a research report on Monday, June 9th. They issued a "hold" rating for the company. Raymond James Financial raised their price target on Republic Services from $257.00 to $260.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. National Bank Financial upgraded Republic Services to a "hold" rating in a research note on Monday, May 26th. JPMorgan Chase & Co. increased their target price on Republic Services from $229.00 to $275.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Oppenheimer increased their target price on Republic Services from $262.00 to $268.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $262.17.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.